What amount must be invested today at an interest rate

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What amount must be invested today at an interest rate of 4½%, compounded monthly, if you want to purchase a $450,000 machine 4 years in the future?

Reference no: EM13298163

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What amount must be invested today at an interest rate : What amount must be invested today at an interest rate of 4½%, compounded monthly, if you want to purchase a $450,000 machine 4 years in the future?

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